With new and exciting projects launching on a day-to-day basis, the accelerated growth of the crypto market shows no signs of pausing. Although such discrete crypto projects come with their market risks, they also furnish the best potential returns for crypto traders. While some finance specialists think crypto should not be viewed as a prospective asset for investment, many believe that such crypto might still be considered to diversify one’s trading portfolio.
Thus, trading in such digital currency can be a volatile investment, but the investors should always go for the diversification of the trading when it is about choosing the crypto assets. This guide catered by Wisebitcoin helps to sort out the best cryptocurrency to invest in 2022, highlighting the coins that come with the highest price potential and presenting the techniques to invest in the most promising cryptocurrency today.
Which Can Be The Most Reliable And Best Crypto Coins To Trade In 2022?
Bitcoin (BTC)
Market Capitalization – More Than $846 Billion
Devised in 2009 by an individual with the nickname Satoshi Nakamoto, Bitcoin (BTC) is the original cryptocurrency. Similar to most crypto coins, BTC functions on blockchain technology, or a ledger logging transactions apportioned throughout a network of thousands of systems. Thus, BTC maintains its records for transactions by utilizing the decentralized accounting technique, delivering increased security, privacy, and transparency. Owing to the latest geopolitical relationships and tension between Russia, and Ukraine, the mining of Bitcoin has been significantly affected and plummeted while showing a negative trend.
However, the rise and fall of such crypto coins are expected, wherein as of March 1, 2022, a single BTC’s price was over $44,000, i.e. an unprecedented growth rate of around 7,800%. Thus, this leading cryptocurrency serves just like a lighthouse, with the market following its steps. Hence, BTC is no doubt an appropriate asset for risk hedging amongst the medium and large traders, due to investments and purchases of enterprises in Bitcoin signify considerable potentiality.
Ethereum (ETH)
Market Capitalization – More Than $475 Billion
Another popular and profitable cryptocurrency following Bitcoin is Ethereum, devised as a concept in 2013, and an accessible system in 2015 by Vitalik Buterin, the founder of BTC Magazine. The basic disparity between Ethereum and Bitcoin is that the release of this crypto coin is not restricted, and new coins can be acquired via mining. This cryptocurrency is preferred by most program developers, due to its high-end smart applications, which also run on blockchain technology. Such applications are the dubbed smart contacts that spontaneously perform when there are non-exchangeable or non-fungible tokens (NFTs), and other conditions are met.
Experiencing immense growth from April 2016 to the beginning of March 2022, its price escalated from around $11 to more than $3,000, i.e. an astounding increase of over 27,000%. The primary function of Ethereum is to automate the investment platform, as its resourceful contracts permit both parties to engage in a direct deal, negating the involvement of any middlemen with lower transaction security and intermission. Thus, with this unique crypto coin, one can even purchase real estate and cars.
Tether (USDT)
Market Capitalization – More Than $79 Billion
Dissimilar to other types of cryptocurrency, Tether is a stablecoin, an asset-backed crypto coin was launched in 2014 by Tether Limited Inc. It is backed by flat currencies of the US dollars and Euro, and theoretically maintains a value equal to one of those denominations. In speculation, the value of Tether is presumed to be more uniform and less volatile than other crypto coins, therein preferred by the investors.
Solana (SOL)
Market Capitalization – More Than $42 Billion
Coming to the crypto market in 2020, Solana functions on a unique hybrid proof-of-stake and proof-of-history systems that assist the blockchain technology in processing transactions securely and rapidly. It helps to reinforce the decentralized apps (DApps), and decentralized finance (DeFi), along with smart contracts. It renders maximum speed of data processing with relatively simple production costs and enhanced effectiveness of the projects. Recently in 2021, the price of Solana was around $129, i.e. an increase of around 500%.
The Bottom Line
Wisebitcoin trading exchange thus prove its essence by providing you with some of the best cryptocurrency to invest in 2022, which is readily accessible, secured and transparent and happen to be the gold of the 21st century, rendering optimal and expedited growth potential.
